NaBFID to fund projects in Rs 6 trillion asset monetisation pipeline

Bank to begin work in Q1FY23; asset monetisation will free up resources that will come back to industry

The National Bank for Financing Infrastructure and Development (NaBFID) will finance projects that are part of the country's Rs 6 trillon National Monetisation Pipeline.

The asset monetisation will free up resources that will come back to industry. There is large aggregate demand for resources, K V Kamath, chairman NABFID said addressing convention of Indian Construction Equipment Manufacturer's  Association in Mumbai.

The aggregate asset pipeline under NMP over the four-year period, FY 2022-2025, is indicatively valued at Rs six trillion. The top five sectors (by estimated value) capture about 83 per cent of the aggregate pipeline value. These five sectors include: Roads (27%)